ATOM
The token of the cosmos ecosystem, experienced volatility in the last 24 hours, with the price that varied 2.76% and reaches a peak of $ 4,327.
The strong resistance arose around that level, with a high volume of negotiation creating a rejection zone that prevented greater advances, according to the technical analysis model of Coindesk Research.
The Cosmos ecosystem, a network composed of many independent blockchains, continues to expand its cross -chain capabilities through the Eureka update, which kicked in April, which allows perfect communication with the Ethereum block chain.
Institutional developments, including the list of Bitbank atoms, with promotional rates structures and Canary Capital exploration of an ETF backed by Cosmos also provided support.
Technical analysis
- SUPPORT ESTABLISHED Around $ 4.21, with a price that stabilizes about $ 4,233 during the consolidation phase.
- There was a significant time recovery between 07: 33-08: 02, and the price increased to $ 4,239 in a heavy volume greater than 16,000 units.
- The new support level was formed at $ 4,237 after the 1.4% of the minimum of the hour.
The CD20 demonstrated remarkable volatility during the 24 -hour period, reaching a peak of 1751,049 before going back, with a general range of 22,573 points (1.3%).
After establishing a maximum of 24 hours during the 22:00 on June 8, CD20 entered a consolidation phase, returning about 50% of its profits while maintaining support above the level of 1730, which suggests a potential stabilization after the recent ascending impulse.
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